PROJECT

Projects

Summary of Investment Information

Project Number

32554

Company Name

KOMERCIJALNA BANKA

Date SPI Disclosed

Aug 31, 2012

Country

Serbia

Region

Europe

Projected Board Date

Oct 1, 2012

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Feb 26, 2017

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 8, 2014
Signed : Sep 30, 2014
Invested : Oct 29, 2014

Sector

Commercial Banking - Housing Finance

Project Description

Komercijalna Banka ad Beograd (“KBB” or the “Bank” or the “Company”) is the largest locally owned bank in the Serbian banking sector, ranking the 2nd by total assets in the country. Operating since 1971, KBB is a universal bank offering a full range of banking services to its more than 750,000 clients in retail, corporate, SME, and municipal sectors.

The Project consists of a Senior Loan of EUR 50 million up to 7 years, including 2 years grace period, to support an existing client of IFC, a systemic bank in the Serbian banking sector, in its growth in housing finance for low income population.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation